A brace from striker Diogo Jota was enough to send the visitors back to the Black Country with all three points as Forest were beaten 2-1 by Wolves.
Mustapha Carayol’s thumping strike from 30 yards out brought Mark Warburton’s side back into the contest after falling behind to Jota’s opener in the early stages of the second half. But Jota, on loan from Atletico Madrid, had the final say when he slotted home past Smith to win the game.
Mark Warburton made one change to the side that beat Sunderland on Tuesday night with Barrie McKay coming into the side to replace Andreas Bouchalakis.
The first chance fell Forest’s way early on when Murphy made a good run inside the box before turning smartly and shooting straight at John Ruddy.
A minute later Wolves had their first chance when Cavaleiro found space on the edge of the box but his shot was comfortably held by Smith.
Wolves then created another chance with some neat play sending Jota away who fired straight at Smith.
The lively looking Jota then had another opportunity to put his side in front when Caveleiro pulled it back to him on the edge of the box before firing over.
Forest carved out another chance on 23 minutes when Brereton beat his man on the right side before shifting the ball to Dowell who fizzed an effort at towards goal.
The visitors then had a chance of their own when they quickly hit Forest on the counter but Cavaleiro failed to convert the move after some more good work from Jota.
Dowell was trying to make things happen for The Reds and he came close to opening the score again when some quick feet created a shooting chance but his effort was well held by Ruddy.
On 38 minutes, Vinagre charged down the left side and fired in a cross which Forest failed to deal with. The ball eventually fell to Bonatini whose shot deflected over for a corner.
Just before half time The Reds did well to deny Jota as he got in behind the Forest defence once again with Worrall fantastically cutting out the cross.
Then two minutes into the second half Wolves opened the scoring when Caveleiro beat his man and whipped in a cross that found Jota at the back post who stabbed it past Smith.
As Forest looked for a way back into the game, Brereton had a shout for a penalty when he came tumbling down inside the box but referee Geoff Eltringham was not interested.
On 55 minutes Wolves picked up the first yellow card of the match when Cavaleiro pulled down Traore as the left back stormed forward.
Murphy continued to lead the line well and he did well to tee up Bridcutt for the shot whose powerful effort went straight into the hands of Ruddy.
The first substitutions of the match were made on 61 minutes as Muzzy Carayol came on to replace Kieran Dowell while Wolves brought on Ben Marshall to replace the industrious Ivan Cavaleiro.
Moments later the visitors were forced to make another substitution when Ruben Vinagre went off injured to be replaced by Sylvain Deslandes.
The City Ground were greeted to some end to end stuff on 66 minutes with Forest having a good chance from a free kick on the right side. But The Reds couldn’t execute the routine and were nearly punished when Jota ran the length of the pitch to set up Marshall who prodded the ball at Smith who held well.
Mark Warburton made his second change on 70 minutes with Jason Cummings coming onto the field to replace Barrie McKay.
As the game began to quieten, substitute Muzzy Carayol stunned The City Ground faithful when he grabbed the equaliser for Forest out of nowhere with a thumping hit from 30 yards to even the scores.
Wolves almost responded immediately through Marshall who was quickly halted by the defensive partnership of Matt Mills and Joe Worrall.
The visitors then had the final say when Jota grabbed his second goal of the game after running through on goal before calmly slotting home past Smith. Forest defender Matt Mills was shown a yellow card for his foul in the build up to the goal.
Right back Tendayi Darikwa was unlucky not to grab an equaliser on 86 minutes when he thumped a volley towards goal which was well saved by John Ruddy.
Finally, Ben Marshall had a wonderful opportunity to seal all three points in added time as Jota found the byline and pulled it back to Marshall whose shot deflected wide.
Forest: Smith, Darikwa, Mills (c), Worrall, Traore, Bridcutt, Osborn, Brereton (Walker 86'), Dowell (Carayol 62'), McKay (Cummings 71'), Murphy
Subs not used: Henderson, Lichaj, Fox, Bouchalakis
Goal: Carayol 75'
Bookings: Mills 82', Bridcutt 90'
Wolves: Ruddy, Doherty, Batth (c), Cavaleiro (Marshall 62'), Neves, Coady, Jota, Miranda, Saiss, Vinagre (Deslandes 64'), Bonatini (N'Diaye 83')
Subs not used: Norris, Price, Ronan, Enobakhare
Goals: Jota 47', 81'
Bookings: Cavaleiro 56', Marshall 90'
Attendance: 25,756 (1,998 away)
Referee: Geoff Eltringham